Securities code: 603089 securities abbreviation: Add Industry(Zhejiang) Co.Ltd(603089) Announcement No.: 2021-062
Bond Code: 113561 bond abbreviation: Zhengyu convertible bond
Add Industry(Zhejiang) Co.Ltd(603089)
Announcement on interest payment of convertible corporate bonds
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Registration date of interest payment creditor’s rights of convertible bonds: December 30, 2021
Interest payment date of convertible bonds: December 31, 2021
The Add Industry(Zhejiang) Co.Ltd(603089) convertible corporate bonds (hereinafter referred to as “the bonds”) issued by Add Industry(Zhejiang) Co.Ltd(603089) (hereinafter referred to as “the company”) on December 31, 2019 will pay interest from December 31, 2020 to December 30, 2021 from December 31, 2021. In accordance with the provisions of the company’s prospectus for the public offering of convertible corporate bonds (hereinafter referred to as the “prospectus”), the relevant matters are hereby announced as follows:
1、 Basic information of current bonds
1. Bond Name: Add Industry(Zhejiang) Co.Ltd(603089) convertible corporate bonds
2. Bond abbreviation: Zhengyu convertible bond
3. Bond Code: 113561
4. Bond form: convertible corporate bonds convertible into A-Shares of the company
5. Total issuance amount: RMB 290 million
6. Issued quantity: 2.9 million pieces (290000 hands)
7. Face value and issue price: the face value of each convertible corporate bond issued this time is RMB 100, which is issued at face value.
8. Bond term: the term of convertible corporate bonds issued this time is 6 years from the date of issuance, i.e. from December 31, 2019 to December 30, 2025.
9. Bond interest rate: 0.5% in the first year, 0.8% in the second year, 1.2% in the third year, 1.8% in the fourth year, 2.2% in the fifth year and 2.5% in the sixth year.
10. Term and method of repayment of principal and interest: the convertible corporate bonds issued this time adopt the interest payment method of paying interest once a year, and return the principal and interest of the last year when due. (1) Annual interest calculation
Annual interest refers to the current interest enjoyed by the holders of convertible corporate bonds for each full year from the first date of issuance of convertible corporate bonds according to the total face value of convertible corporate bonds held. The calculation formula of annual interest is: I = B × i
1: Means the annual interest amount;
B: Refers to the total face value of convertible corporate bonds held by the holders of convertible corporate bonds issued this time on the registration date of interest paying creditor’s rights in the interest bearing year (hereinafter referred to as “current year” or “each year”);
i: The current year’s coupon rate of convertible corporate bonds.
(2) Interest payment method
① The convertible corporate bonds issued this time adopt the interest payment method of paying interest once a year, and the starting date of interest calculation is the first day of issuance of convertible corporate bonds.
② Interest payment date: the interest payment date of each year is the date of each full year from the first date of issuance of convertible corporate bonds. If the day is a legal holiday or rest day, it shall be postponed to the next working day without additional interest. Every two adjacent interest payment days is an interest year.
③ Interest payment creditor’s right registration date: the interest payment creditor’s right registration date of each year is the trading day before the interest payment date of each year. The company will pay the interest of the current year within five trading days after the interest payment date of each year. For the convertible corporate bonds applied for conversion into the company’s shares before the interest payment creditor’s rights registration date (including the interest payment creditor’s rights registration date), the company will no longer pay the interest of the current interest year and subsequent interest years to its holders.
④ The tax payable on the interest income obtained by the holders of convertible corporate bonds shall be borne by the holders.
11、 Conversion period: the conversion period of convertible corporate bonds issued this time starts from the first trading day (July 7, 2020) after the expiration of six months from the issuance end date (January 7, 2020) to the maturity date of convertible corporate bonds (December 30, 2025) (in case of legal holidays or rest days, the interest payment will not be calculated separately during the extended period).
12. Conversion price: the initial conversion price is 14.21 yuan / share, and the latest conversion price is 10.08 yuan / share.
13. Credit rating of convertible bonds: a+
14. Credit rating agency: China Securities PENGYUAN credit rating Co., Ltd
15. Guarantee matters: the convertible corporate bonds are guaranteed by stock pledge. The pledgor Zhejiang Zhengyu Investment Co., Ltd. uses its legally owned corporate shares as pledged assets for pledge guarantee. The guarantee scope includes the principal and interest, liquidated damages, damages and reasonable expenses for realizing creditor’s rights of the convertible corporate bonds issued by the company with the approval of China Securities Regulatory Commission, The beneficiaries of the guarantee are all bondholders to ensure that the principal and interest of the convertible corporate bonds are paid in full and on time as agreed.
16. Registration, custody, entrusted bond dividend distribution and cashing Institution: China Securities Depository and Clearing Co., Ltd. Shanghai Branch (hereinafter referred to as “China Clearing Shanghai Branch”).
2、 This interest payment scheme
According to the provisions of the prospectus, this interest payment is the interest payment of the company’s convertible bonds in the second year, and the interest period is from December 31, 2020 to December 30, 2021. The coupon rate of the current bond is 0.8% (tax included), that is, the interest exchange amount of each convertible bond with a face value of RMB 100 is RMB 0.8 (tax included).
3、 Interest payment creditor’s right registration date and interest payment date
1. Registration date of interest payment creditor’s rights of convertible bonds: December 30, 2021
2. Interest payment date of convertible bonds: December 31, 2021
4、 Interest payment object
The interest payment object is all holders of “Zhengyu convertible bonds” registered with China Clearing Shanghai branch after the closing of Shanghai Stock Exchange on December 30, 2021.
5、 Interest payment method
1. The company signed an agreement with CSDCC Shanghai Branch on entrusted agency bond cashing and interest conversion, and entrusted CSDCC Shanghai branch to perform bond cashing and interest conversion. If the company fails to transfer the bond cashing and interest conversion funds to the bank account designated by CSDCC Shanghai Branch on time and in full, CSDCC Shanghai Branch will terminate the entrusted agency bond cashing and interest conversion services according to the agreement, and the subsequent cashing and interest conversion work shall be handled by the company itself, and the relevant implementation matters shall be subject to the announcement of the company. The company will fully transfer the interest of the bonds to the bank account designated by China Clearing Shanghai Branch 2 trading days before the interest exchange date of the current period.
2. After receiving the payment, CSDCC Shanghai Branch will transfer the bond interest to the corresponding cashing institution (securities company or other institution recognized by CSDCC Shanghai Branch) through the capital settlement system, and the investor will receive the bond interest from the cashing institution.
6、 Notes on interest income tax of current bonds
1. Notes on Levying Corporate bond interest income tax on individual investors
According to the individual income tax law of the people’s Republic of China and other relevant tax regulations and documents, individual investors of the bonds shall pay individual interest income tax on corporate bonds. The individual income tax on the interest of the current bond will be withheld and paid by each cashing institution and directly to the local tax department where each cashing institution is located. The collection and payment of individual interest income tax of the bonds are as follows:
(1) Taxpayer: individual investors of the bonds;
(2) Tax object: interest income of current bonds;
(3) Tax rate: it is levied at 20% of the interest amount, that is, the interest exchange amount of each convertible bond with a face value of RMB 100 is RMB 0.8 (before tax), and the actual distributed interest is RMB 0.64 (after tax);
(4) Taxation link: when individual investors receive interest from the cashing institution, the cashing institution shall deduct it at one time; (5) withholding agent: each cashing institution responsible for the interest payment of the current bond;
2. Notes on income tax on corporate bond interest paid by resident enterprises
According to the provisions of the enterprise income tax law of the people’s Republic of China and other relevant tax laws, regulations and documents, the bond interest income tax of the resident enterprise holders of the bonds is paid by themselves, that is, the actual distribution amount of each convertible bond with a face value of RMB 100 is RMB 0.8 (including tax).
3. Notes on levying enterprise bond interest income tax on non resident enterprises
According to the announcement on the continuation of the enterprise income tax and value-added tax policies for overseas institutions to invest in the domestic bond market (Announcement No. 34, 2021 of the State Administration of Taxation of the Ministry of Finance) stipulates that from November 7, 2021 to December 31, 2025, the bond interest income obtained by overseas institutions investing in the domestic bond market shall be temporarily exempted from corporate income tax and value-added tax, that is, the actual distribution amount of each convertible bond with a face value of 100 yuan is 0.8 yuan (including tax). The scope of the above temporary exemption from enterprise income tax does not include the bond interest actually connected with the institutions and sites established by overseas institutions in China.
(i) Name of issuer: Add Industry(Zhejiang) Co.Ltd(603089) address: No. 55, Changshun Road, shanhaigang industrial city, Yuhuan City contact: Chen Linghui Tel.: 0576-87278883 (II) name of sponsor (lead underwriter): Gf Securities Co.Ltd(000776) address: building Gf Securities Co.Ltd(000776) No. 26, Machang Road, Tianhe District, Guangzhou City, Guangdong Province contact: Li Xiaofang, Lin Yibing Tel.: 020-6633888 （3） Name of custodian: China Securities Depository and Clearing Co., Ltd. Shanghai Branch Address: No. 188, Yanggao South Road, Pudong New Area, Shanghai Tel: 4008058058
Add Industry(Zhejiang) Co.Ltd(603089) board of directors
December 27, 2021
